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Panasonic Makes 30-Million-Dollar Tesla Investment

money 3851 Panasonic Makes 30 Million Dollar Tesla Investment

Panasonic Corporation has bought a 30-million-dollar stake in Tesla.

The Japanese electronics manufacturer’s investment in the California-based electric carmaker strengthens an already existing partnership in which Panasonic supplies Tesla with lithium ion batteries for their electric cars.  Tesla officials say the deal will allow improved car batteries at lower costs.

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